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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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Bitcoin (BTC) Warning from 50-Year Analyst Peter Brandt! He Reveals His Targets!
Bitcoin (BTC) has surpassed the critical threshold of $100,000 during the rally that started after Donald Trump's victory. This record is seen as one of the most important milestones of the 2024/2025 bull market, while the BTC price has shown relatively subdued performance in recent weeks.
Analysts noted that the parabolic altcoin season preparation for 2025 negatively affected the bullish sentiment of Bitcoin.
At this point, master analyst Peter Brandt, who has 50 years of experience, said that the price of Bitcoin is at a critical juncture.
According to Brandt, there are two options for Bitcoin: a rise towards $120,000 or further correction towards support level above $78,000.
In terms of the bullish outlook, Brandt noted that the Bitcoin price could form the famous Hump Slump Bump Dump Pump (HSBDP) chart pattern.
Brandt said that in terms of the possibility of a correction, Bitcoin could potentially form a head and shoulders (H&S) pattern on its daily chart, which could lead to a significant decline.